The global floating solar panels market has been projected to grow at a CAGR of over 30% market during the forecast period 2020-2027. The global floating solar panels market is projected to witness robust growth with increasing investment in renewable energy, growing concerns over the emission of greenhouse gases, and inclination of key fuel consuming economies to reduce dependency on fossil fuels. Growing investment in the installation of floating solar panels in land-scarce countries such as Japan, India, and China is projected to fuel the demand for floating solar panels in the Asia Pacific.
The global floating solar panels market is projected to witness high growth due to increasing concerns over the emission of greenhouse gases along with growing initiatives of various governments towards the clean energy anticipated to fuel the demand for floating solar panels over the forecast period. Tax benefits, subsidies, and rent aids offered by governments to encourage the installation of floating solar panels pumping the infrastructure projects of floating solar panels which in turn is fueling the demand for floating solar panels. Moreover, features such as low maintenance and management cost provide added advantage over the installation of solar panels on land.
According to the recent report published by Research Corridor, the Global Floating Solar Panels Market is expected to provide sustainable growth opportunities during the forecast period from 2020 to 2027. This latest industry research study analyzes the Floating Solar Panels market by various product segments, applications, regions and countries while assessing regional performances of numerous leading market participants.
The report titled “Floating Solar Panels Market – Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast – 2020 – 2027” offers a holistic view of the Floating Solar Panels industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Floating Solar Panels market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
Floating Solar Panels Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.
The global floating solar panels market for the purpose of this study is studied for product types and locations. Stationary floating solar panels and tracking floating solar panels are the prime floating solar panels considered in product segmentation. On the basis of location, the floating solar panels market is segmented into offshore and onshore markets.
The Floating Solar Panels Market Segmentation:
By Product Type, 2018–2027 (US$ Mn)
By Region, 2018–2027 (US$ Mn)
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